Energy prices jumped yesterday on positive U.S. economic reports and a rise in Iran-related tension in the oil-rich Persian Gulf region, according to the article on Wall Street Sector Selector.
Oil prices have been rallying since early February, bringing West Texas Intermediate to a high of $108 per barrel yesterday, the article said.
According to John Nyaradi, publisher of Wall Street Sector Selector, the funds most affected by the recent jump in oil and energy prices include:
- United States Oil Fund (NYSEArca: USO), up 1.92 percent
- Vanguard Energy ETF (NYSEArca: VDE), up 0.64 percent
- Energy Select Sector SPDR ETF (NYSEArca: XLE), up 0.50 percent
To view Nyaradi’s full perspective, go to WallStreetSectorSelector.com.